5 years ago I made a conversion from IRA to ROTH account. This year I withdrew part of the converted amount. Can I redeposit it back into the same ROTH account within the 60 days?
031981
1 Best answer
leeloo
Level 8
Apr 21, 2023 3:48:55 AM
Yes, the IRS allows you to redeposit within 60 days.
3 Replies
leeloo
Level 8
Apr 21, 2023 3:48:55 AM
Yes, the IRS allows you to redeposit within 60 days.
VDR
Level 2
Apr 21, 2023 10:15:55 AM
Even if it is back to the same ROTH account? Will there be any 5-year holding period for that amount (I'm under 59 1/2)?
VolvoGirl
Level 15
Apr 21, 2023 10:17:47 AM
Yes back to the same account. It's like it never happened.